INCOME TAXES (Tables)

12 Months Ended

Dec. 29, 2013

INCOME TAXES

Schedule of income tax provision (benefit) related to continuing operations

	Years Ended
(in thousands)	December 29, 2013			December 30, 2012			December 25, 2011
Current:
Federal	$	17,728		$	4,701		$	28,913
State		5,302			(16,535	)		(1,553	)
Deferred:
Federal		(7,612	)		(4,701	)		(3,316	)
State		(2,162	)		(4,847	)		(15,648	)
Income tax provision (benefit)	$	13,256		$	(21,382	)	$	8,396

Schedule of reconciliation of effective tax rate expense (benefit) for continuing operations and the statutory federal income tax rate

	Years Ended
(in thousands)	December 29, 2013			December 30, 2012			December 25, 2011
Statutory rate		35.0	%		(35.0	)%		35.0	%
State taxes, net of federal benefit		11.4			7.7			0.3
Changes in estimates		(0.0	)		0.2			0.6
Changes in unrecognized tax benefits		(5.2	)		(56.3	)		(13.6	)
Settlements		(1.3	)		(32.6	)		(10.4	)
Other		2.7			4.0			1.5
Stock compensation		(1.2	)		12.7			—
Effective tax rate		41.4	%		(99.3	)%		13.4	%

Schedule of components of deferred tax assets and liabilities

(in thousands)	December 29, 2013			December 30, 2012
Deferred tax assets:
Compensation benefits	$	187,516		$	308,392
State taxes		3,625			4,984
State loss carryovers		5,007			5,815
Other		4,727			5,280
Total deferred tax assets		200,875			324,471
Valuation allowance		(3,741	)		(4,110	)
Net deferred tax assets		197,134			320,361
Deferred tax liabilities:
Depreciation and amortization		213,159			233,214
Investments in unconsolidated subsidiaries		71,840			64,317
Debt discount		12,434			15,059
Deferred gain on debt		33,007			33,084
Total deferred tax liabilities		330,440			345,674
Net deferred tax liabilities	$	133,306		$	25,313

Schedule of reconciliation of the beginning and ending amount of unrecognized tax benefits

	Years Ended
(in thousands)	December 29, 2013			December 30, 2012			December 25, 2011
Balance at beginning of fiscal year	$	8,649		$	30,463		$	51,992
Increases based on tax positions in prior year		7,631			—			1,409
Decreases based on tax positions in prior year		(935	)		(9,933	)		(13,475	)
Increases based on tax positions in current year		1,386			745			2,213
Settlements		(259	)		(643	)		—
Lapse of statute of limitations		(3,583	)		(11,983	)		(11,676	)
Balance at end of fiscal year	$	12,889		$	8,649		$	30,463

Schedule of tax years and related taxing jurisdictions that were open for audit

As of December 29, 2013, the following tax years and related taxing jurisdictions were open:

Taxing Jurisdiction	Open Tax Year	Years Under Exam
Federal	2010-2013
Washington, D.C.	2006, 2010-2013	2006
Illinois	2008-2013	2008-2009
California	2009-2013	2009-2010
Other States	2006-2013